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Purchasing Strategies - Questions & Success Stories

3884 messages,  Last post on Apr 08, 2009 at 1:08 PM

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What is this discussion about? Car Buying


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#3494 of 3884
Re: [weathermike] by isellhondas
Sep 16, 2008 (3:30 pm)
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Replying to: weathermike (Sep 16, 2008 2:19 pm)

Why has it been sitting here this long?
 
1. It's a NEON! Far from a "hot" car in fact, quite the opposite.
 
2. It's yellow
 
3. It a Neon with over 100,000 miles!
 
I'm sure they are wishing they had never bought it in the first place but they can hold off as much as they want to.
 
It doesn't matter what they paid for it and it doesn't matter what your Internet printouts say. If you really like it this much you may want to just buy it.
 
Otherwise, I would move on. Lots of cheap Neons out there!
#3495 of 3884
Re: [weathermike] by jipster
Sep 16, 2008 (4:58 pm)
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Replying to: weathermike (Sep 16, 2008 1:52 pm)

Those are not things someone who is desperate to get a car will do.
 
No, but telling the salesman it's not your fault they overpaid, mentioning high mileage, bringing out Edmunds TMV material, you appreciate their need and right to make a profit, the financing stuff, etc.... those are all things that show you are desperate to buy, which is fine. Any reason you give, that the price should be lower, can be countered by a good salesman. Showing you are an informed buyer should be good enough. I think it was gg who said the more you talk the more you end up paying (doesn't apply to me though) . You did good in walking. Find another car, this one sounds overpriced.
#3496 of 3884
Re: [jipster] by obyone
Sep 16, 2008 (4:59 pm)
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Replying to: jipster (Sep 16, 2008 4:58 pm)

Sounds like a BHPH lot.
#3497 of 3884
Re: [isellhondas] by jipster
Sep 16, 2008 (5:31 pm)
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Replying to: isellhondas (Sep 16, 2008 3:30 pm)

1. It's a NEON! Far from a "hot" car in fact, quite the opposite.
  
2. It's yellow

 
Those are items which could make it a "hot" car in a "college town".
 
I'd drive to the nearest non-college town and buy it for a grand less.
 
Another thing to consider (weathermike) , paying Edmunds TMV (dealer retail) would be a big mistake. I think you should try for at least Edmunds private party value.. or slighty below that. Remember TMV is just the average price Neons are selling for, which means you should be able to do much better than TMV.
#3498 of 3884
Re: [jipster] by isellhondas
Sep 16, 2008 (6:05 pm)
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Replying to: jipster (Sep 16, 2008 5:31 pm)

I would be surprised if Neons are popular in many places. It would have sold otherwise.
#3499 of 3884
Re: [weathermike] by kiawah
Sep 16, 2008 (7:01 pm)
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Replying to: weathermike (Sep 16, 2008 2:40 pm)

When I referenced 'reasonably priced', I was talking generically about the price range around 5K....nothing to do with your particular vehicle, only that it is in a particular dollar range.
 
If I was looking for a set of wheels for a student at some college somewhere, where it was going to be parked a lot in questionable parking areas, getting dings and dents, loaned out to other students, doesn't cost a lot to insure, and after 4 years gets thrown away and replaced be a real car.......what price range would you target?
 
2-3K would be junk cars
10+K would be too expensive of a car to have sitting around in that environment
5-8K has a chance of being a decent car that doesn't break the bank.
#3500 of 3884
Re: [kiawah] by obyone
Sep 16, 2008 (8:22 pm)
Reply

Replying to: kiawah (Sep 16, 2008 7:01 pm)

Or you could get a brand new moped for $1500.
#3501 of 3884
Re: [jipster] by weathermike
Sep 16, 2008 (9:25 pm)
Reply

Replying to: jipster (Sep 16, 2008 4:58 pm)

You're right in that I probably should find another car. But I'm really lost as to what I'm supposed to do. So I know for next time, how do I show I'm an "informed buyer" without doing what I did? I mean I went in there, let him make the first offer, gave him a price lower than I wanted to pay, and one by one as the situation dictated, laid out all the facts. Isn't that what a savvy buyer does?
 
I thought I made a strong case and did everything right-- we just couldn't agree. That happens.
#3502 of 3884
Re: [jipster] by weathermike
Sep 16, 2008 (9:37 pm)
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Replying to: jipster (Sep 16, 2008 5:31 pm)

How could I "try" for private party value? Am I supposed to get a car stickered at five grand for $3350? Even before my experience, I would have figured they would laugh me out of the building if I tried that. To get to $3350 you'd have to start even lower... which would be darn near a 50% discount off the sticker.
 
Let me shed some insight into this particular dealer. I went through the online listings for each of the vehicles stickered close to the sticker of the Neon. There were seven in total. It was a mix of small cars, SUVs, and a truck. The SUVs and truck were all reasonably priced. The sticker was within 50 bucks of what Edmunds said I should pay, meaning that I could easily beat the suggested price with little negotiating. But the cars were an average of being overpriced by about a thousand dollars. All with the exception of one have been sitting there since May or June.
#3503 of 3884
Re: [weathermike] by bolivar
Sep 16, 2008 (10:00 pm)
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Replying to: weathermike (Sep 16, 2008 9:37 pm)

I think you are going to have to wait more than 'a few days' for your next conversation about this car.
 
With your current interest level, and previous bargining, I don't think the guy is going to come down to your price if you show up again soon.
 
If you are willing to wait a month, and this thing is still there, and the weather in your area is getting colder, you will have a better shot at getting it for $4,200.....
 
Just my opinion.

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